5107 Mnr Rd Austin, TX 78723

This exceptional investment opportunity presents a fee-simple ownership of a 7-Eleven convenience store and gas station in Austin, Texas. The property boasts a newly executed 15-year absolute NNN lease with four 5-year renewal options, ensuring long-term, stable income. The lease includes 10% rent bumps every five years, providing a hedge against inflation. Located on a hard corner with high visibility at a signalized intersection averaging 42,800 vehicles per day, the 4,191 square foot property benefits from a strong consumer base within a densely populated residential area, including proximity to the Mueller Tower District. The 0.85-acre lot features 12 gas pumps. The property offers a 5.00% cap rate with a Net Operating Income (NOI) of $327,022 and an asking price of $6,540,000 ($1,560.49/sq ft). Built in 2023, this asset is ideally suited for a passive investor seeking a management-free investment in a state with no state income tax. The tenant, 7-Eleven, Inc., is a premier name in convenience retailing, providing significant corporate backing and stability. The 5-mile radius boasts over 328,000 residents and 313,000 employees, with an average household income within 1 mile exceeding $135,482. The property's location is approximately 6 miles from downtown Austin. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance asset in one of the nation's fastest-growing metropolitan areas. Lease commencement is November 1, 2023.